According to The Insight Partners latest research study on “The global Cosmetic Bioactive Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – Ingredient Type and Source,” the market is projected to reach US$ 2,215.96 million by 2028 from US$ 1,529.91 million in 2021; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report highlights trends prevailing in the market and factors governing the market growth. The market growth is primarily attributed to the rising preference for natural ingredients in cosmetic products and increasing number of bioactive ingredients being launched. However, stringent regulatory frameworks are restricting the market growth.
The scope of cosmetics includes products used for skin and hair cleansing, beautifying, promoting attractiveness, and improving appearance, along with a few personal hygiene product categories. Apart from the active ingredients that are usually used in these products, there is a globally growing trend of incorporating products from vegetable sources due to their commercial appeal, safety, and rich composition, often related with a synergistic or multifunctional effect. Botanical extracts are enriched with secondary metabolites of plants, with high structural diversity. Both flavonoids and non-flavonoids have been observed to exhibit interesting cosmetic properties, such as photoprotection, antiaging, moisturizing, antioxidant, astringent, anti-irritant, and antimicrobial activities. With their bioactive components and pharmacological actions, these bioactive ingredients have been shown to confer dermatological benefits; as a result, they can be explored for potential applications in skin rejuvenation, photoprotection, wound healing, etc.
The cosmetic bioactive ingredients market majorly consists of the players such as BASF SE, DuPont de Nemours, Inc., FMC CORPORATION, Cargill, Incorporated, Sensient Technologies Corporation, DSM, Ajinomoto Co. Inc., Roquette Frères, ADM, and Vytrus Biotech and among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have adopted several inorganic and organic strategies to accelerate their growth and improve their market position.
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Mar-2021 – News = Royal DSM launched three different forms of hyaluronic acid. With the new HYA-ACT range, DSM strengthens its hyaluronic acid portfolio to deliver on growing market expectations for less-invasive, reliable and effective beauty care solutions line.
May-2019 – News = Roquette, opened a new Research & Development Laboratory in Lithuania, strengthening its position in Northern Europe. The new state-of-the-art facilities will provide highest-quality goods and services, along with improved productivity, and sustainability.
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